Penske Automotive Group, Inc. PAG Income Statement

Penske automotive group, inc. (PAG)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Revenue:
Total revenues
23,179	22,785	21,386	20,118	19,284	17,232	14,482	12,902	10,926	9,943	8,969	11,637
Cost of sales:
Total cost of sales
19,723	19,370	18,164	17,151	16,417	14,652	12,281	10,927	9,193	8,358	7,468	9,846
Gross profit
3,455	3,414	3,222	2,966	2,867	2,579	2,201	1,975	1,732	1,585	1,501	1,790
Selling, general and administrative expenses
2,693	2,646	2,516	2,302	2,223	2,008	1,711	1,558	1,394	1,287	1,249	1,493
Depreciation
109	103	95	89	78	70	59	52	45	44	51	53
Intangible impairments
-	-	-	-	-	-	-	-	-	-	-	643
Operating income
652	664	611	574	566	500	429	365	292	253	200	-401
Floor plan interest expense
84	80	63	50	44	46	43	38	26	32	33	64
Other interest expense
124	114	107	85	69	52	45	46	44	48	55	54
Gain on investment
-	-	-	-	-	16	-	-	-	-	-	-
Debt discount amortization
-	-	-	-	-	-	-	-	1	8	13	13
Equity in earnings of affiliates
147	134	107	69	39	40	30	27	25	20	13	16
Debt redemption costs
-	-	-	-	-	-	-	-17	-	-	-	-
Gain on debt repurchase
-	-	-	-	-	-	-	-	-	1	10	-
Income from continuing operations before income taxes
591	604	548	508	491	457	371	290	245	185	122	-517
Income taxes
156	134	-64	160	158	153	123	94	70	63	42	-105
Income from continuing operations
434	469	613	347	333	304	248	196	174	122	79	-411
Income (loss) from discontinued operations, net of tax
0	0	-0	-1	-3	-14	-2	-9	3	-12	-2	-7
Net income
435	470	612	346	330	290	245	187	178	109	76	-418
Less: Loss attributable to non-controlling interests
-0	-0	-0	3	4	3	1	1	1	1	0	1
Net income attributable to Penske Automotive Group common stockholders
435	471	613	342	326	286	244	185	176	108	76	-420
Basic earnings per share attributable to Penske Automotive Group common stockholders:
Continuing operations (in dollars per share)
5.28	5.52	7.14	4.00	3.67	3.34	2.74	2.15	1.90	1.32	0.86	-4.39
Discontinued operations (in dollars per share)
0.00	0.01	0.00	-0.01	-0.04	-0.16	-0.03	-0.10	0.04	-0.14	-0.03	-0.08
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)
5.28	5.53	7.14	3.99	3.63	3.17	2.71	2.05	1.94	1.18	0.84	-4.47
Shares used in determining basic earnings per share (in shares)
82	85	85	86	89	90	90	90	91	92	91	93
Diluted earnings per share attributable to Penske Automotive Group common stockholders:
Continuing operations (in dollars per share)
5.28	5.52	7.14	4.00	3.67	3.34	2.73	2.15	1.90	1.32	0.86	-4.39
Discontinued operations (in dollars per share)
0.00	0.01	0.00	-0.01	-0.04	-0.16	-0.03	-0.10	0.04	-0.14	-0.03	-0.08
Net income attributable to Penske Automotive Group common stockholders (in dollars per share)
5.28	5.53	7.14	3.99	3.63	3.17	2.70	2.05	1.94	1.18	0.83	-4.47
Shares used in determining diluted earnings per share (in shares)
82	85	85	86	89	90	90	90	91	92	91	93
Amounts attributable to Penske Automotive Group common stockholders:
Income from continuing operations
434	469	613	347	333	304	248	196	174	122	79	-411
Less: Loss attributable to non-controlling interests
-0	-0	-0	3	4	3	1	1	1	1	0	1
Income from continuing operations, net of tax
435	470	613	343	329	301	247	194	173	121	79	-412
Income (loss) from discontinued operations, net of tax
0	0	-0	-1	-3	-14	-2	-9	3	-12	-2	-7
Net income attributable to Penske Automotive Group common stockholders
435	471	613	342	326	286	244	185	176	108	76	-420
Cash dividends per share (in dollars per share)
1.58	1.42	1.26	1.10	0.94	0.78	0.62	-	-	-	-	0.36
Retail Automotive Dealership
Total revenues
20,615	20,849	19,824	18,673	-	-	-	-	-	-	-	-
Total cost of sales
17,576	17,790	16,899	15,968	-	-	-	-	-	-	-	-
Retail Commercial Truck Dealership
Total revenues
2,050	1,374	1,048	1,000	-	-	-	-	-	-	-	-
Total cost of sales
1,772	1,163	882	857	-	-	-	-	-	-	-	-
Commercial Vehicle Distribution and Other
Total revenues
513	561	514	444	-	-	-	-	-	-	-	-
Total cost of sales
374	416	382	325	-	-	-	-	-	-	-	-